|Banking|
CBN records N53.8 billion fully repaid agriculture loans: The Agricultural Credit Guarantee Scheme of the Central Bank of Nigeria (CBN) has recorded N53.8 billion fully repaid loans in August 2014, out of the N79.3 billion granted to farmers since inception. The fully repaid loans covered 679,408 of the 906,845 projects since the inception of the scheme in 1977. Source: TheGuardian

|Infrastructure|
NIPP, Eurobond funds to drive gas infrastructure financing: The Federal Government will raise funds from the sale of the National Integrated Power Projects assets and the Eurobond to finance the expansion of the country’s gas pipeline network. The Chairman, Presidential Task Force on Power, Mr. Beks Dagogo-Jack explained that the new gas price, which is put at $3.30 ($2.50 cost of gas and $0.80 transport cost) per metric cubic feet is progress, however there was still the need to tighten up the outstanding commercial and regulatory frameworks of the gas market to attract sustained investment in the industry. Source: Punch

|Oil & Gas|
Nigeria’s oil export slides to 1.83mbpd: Nigeria’s oil export programme may continue on the downward swing, as indications emerged that the nation would only export 1.83 million barrels per day in October. According to the loading schedules, Nigeria will export about 1.83bpd of crude oil in October, down from 1.94 million bpd exported in September. Source: TheGuardian

Caverton-RK wins contract to supply drilling vessels to SEPCOL: Caverton Offshore Support Group (COSG), a provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria, has announced that Caverton-RK has been awarded a contract to supply two drilling vessels to Shebah Exploration and Production Company Limited (SEPCOL). The contract will run for an initial period of three months and states that Caverton-RK will supply two vessels to support SEPCOL’s offshore drilling operations. Source: Businessday